Borrowing Cost

nikhil.r.gondhalekar (articled assistant) (64 Points)

17 February 2010  

borrowing   Date of borrowing  Amt    purpose        brrowing Exp

15% loan     01.01.2001             6L      general              50000


14.5% loan  01.07.2001            4L        P&M                  20000


14% loan      01.10.2001            5L     general               40000

Qualified assets-
Factory shed-1L, P&M-9L ,other FA- 1L
Project gets completed on 01.01.2002. what is the amt to be capitalised for the F.Y 2001-02